If a country is able to produce all products more cheaply than any other country can, then there is no advantage in trade.

Name: If a country is able to produce all products more cheaply than any other country can, then there is no advantage in trade.
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Quizplus · Accepted Answer

Even if a country can produce all products more cheaply, it can still benefit from trade by specializing in the production of goods for which it has a comparative advantage, thereby increasing overall efficiency and gains from trade.

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